Expecting interest rates to increase

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You are expecting interest rates to increase. You sell a T-bill futures contract when the quoted price was 94.23. When the position was closed out, the interest rates increased and the price was 92.56.

Assuming the same information as number 3 except that interest rates decreased. When the position was closed out, the price was 94.98. Determine the profit or loss on the contract.

Reference no: EM131176533

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